CMPS
Quality Rating
Compass Pathways plc (CMPS) is a clinical-stage biopharmaceutical company developing psychedelic-assisted therapies for mental health disorders. The analysis reveals non-compliance primarily due to a high liquidity ratio exceeding Shariah thresholds across major standards, despite low debt and no non-permissible income. Business activities are generally permissible, but the pre-revenue stage and high cash holdings pose challenges. No inclusion in major Shariah indices confirms the non-compliant status. Investors should monitor for improvements in asset utilization and consult scholars on psychedelic therapies.
Purification Required
Minimal purification needed for dividend income
Index Inclusion
Not included in any major Shariah-compliant indices (S&P, MSCI, FTSE, DJIM)
Key Compliance Considerations
- High liquidity ratio (62.02%) exceeds 30-33% thresholds across AAOIFI, MSCI, and S&P standards
- Insufficient data on interest and non-permissible income, though estimated at 0%
- Potential gharar concerns in psychedelic R&D business model
Debt Ratio
7.6%
Liquidity Ratio
62.0%
Interest Income Ratio
0.0%
Purification
0.00%